Looks like we hit that FP of 111.55 (and a little more) right at the open and will now spend the first half of the day working off yesterdays' oversold conditions.
This setups the afternoon to roll back over on the 60 minute chart, which means a nice down move should be coming soon.
thanks for the charts. That really helps was able to make $800 bucks today after a very CHIT week last week.
oh Here is another guy on todays action and where the market could be heading. He has been extremely accurate in the past. – Video Analysis http://www.youtube.com/watch?v=44z9XHC39Tc
I don't know if you are familiar with this other type of fake print. I use your fake print method, and this method too. Both have similar results. Go to the comment above, for documentation. back tested 5 years.
w00t! Now if my options just follow suit…. 😉
Here we go gang… Jim, Woody, you guys happy now?
Gap fill is coming up… or should I say “coming down”… LOL
Thanks San…
Since we already have double conformation of a move to the 107 area, I'd say that pattern is going to fail this time.
FLAG OF S&P 500
http://niftychartsandpatterns.blogspot.com/2010…
Looks like we hit that FP of 111.55 (and a little more) right at the open and will now spend the first half of the day working off yesterdays' oversold conditions.
This setups the afternoon to roll back over on the 60 minute chart, which means a nice down move should be coming soon.
Glad to help… thanks for the link to the video.
thanks for the charts. That really helps was able to make $800 bucks today after a very CHIT week last week.
oh Here is another guy on todays action and where the market could be heading. He has been extremely accurate in the past. – Video Analysis http://www.youtube.com/watch?v=44z9XHC39Tc
Refresh page for Thursday update (with a new video)
I don't know if you are familiar with this other type of fake print. I use your fake print method, and this method too. Both have similar results. Go to the comment above, for documentation. back tested 5 years.